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Gift City Payment System Setup Services

Setting up a GIFT City payment system allows your business to offer globally compliant and innovative financial solutions from a strategic offshore hub. We provide expert guidance on securing the necessary licenses for Payment System Providers (PSPs), ensuring your operations meet all IFSCA regulations for cross-border transactions, e-wallets, and merchant services.

Our team specializes in facilitating a seamless IFSC payment setup, navigating the complexities of regulatory compliance and technological integration. By establishing a GIFT City payment system, you can leverage significant tax benefits and operate in multiple foreign currencies.

Let us help you build a robust and scalable payment services business in this world-class financial ecosystem.

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What is IFSCA?

IFSCA is the unified regulator for financial services in India’s International Financial Services Centre (IFSC), GIFT City. It governs payment and settlement systems, fund management, insurance, banking, and capital markets — offering a seamless international financial ecosystem.

Why Operate a Payment Business from IFSC?

  • Full Foreign Ownership: Set up as a 100% foreign-owned company in IFSC.
  • Currency Flexibility: Operate e-wallets and payment services in multiple foreign currencies like USD, EUR, GBP, etc.
  • Tax Benefits: Avail up to 100% tax exemption for 10 out of 15 years.
  • No INR Limitation: Transactions in INR are restricted, maintaining offshore character.
  • Global Reach: Serve customers inside and outside IFSC under one license.

Payment Business You Can Do in IFSC

IFSCA’s Payment Services framework allows global fintechs and PSPs to operate seamlessly within GIFT City.

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Cross-Border Money Transfers

Transfer funds from IFSC to anywhere in the world and vice versa — even if sender and receiver are the same person.

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Merchant Acquisition Services

Act as a payment aggregator, offer digital checkout services, and settle funds for merchants globally.

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Account Issuance (E-wallets)

Issue digital wallets in major global currencies — fully compliant, cashless, and secure.

How to Set Up a Payment System Unit in IFSC?

Setting up a Payment System Provider (PSP) unit in GIFT City’s IFSC is streamlined under IFSCA’s dedicated regulatory regime. This ecosystem enables global payment operators to scale cross-border, wallet, and merchant acquisition services efficiently and compliantly.
Here’s a step-by-step guide:

Indian and foreign fintech firms

Payment aggregators, e-wallet issuers, remittance service providers

Entities with proven digital or financial tech capabilities

  • Application form (Form-A as per IFSCA PSP Regulations)

  • Detailed business plan and compliance roadmap

  • AML/KYC and risk control documentation

  • Audited financials and ownership structure

Want to know how long your setup will take? Try the Licensing Timeline Tool.

Use our real-time Licensing Timeline calculator. We analyze your needs and provide a personalized estimate.

-> Try the Licensing Timeline Tool.

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Refer to the official IFSCA platform for detailed regulations. We simplify it for your ease.

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Set Up Your PSS Unit in GIFT City

Enable digital wallets, cross-border remittances, and more under IFSCA.

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Free GIFT City Investment Estimator Tool

Estimate your potential savings and returns with GiftCityAdvisor’s exclusive Free Investment Calculator.

Tax Savings Estimator

Analyze possible corporate tax benefits in GIFT City.

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lisencing timeline

Licensing Timeline

Simplify setup by following our streamlined process tracker.

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Regulatory Fit Checker

Regulatory Fit Checker

Test business-model alignment with IFSC standards.

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Regulatory Highlights

Operating within IFSCA’s global-first PSP regime, units in GIFT City benefit from:

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Capital Requirement

Minimum Net Worth of USD 1 million (subject to PSP category)
Let’s connect to know more
about requirements.

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Risk & Compliance Norms:

Adherence to AML/CFT standards, real-time fraud monitoring, and grievance redressal systems.

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Digital Infrastructure

100% digital onboarding, real-time settlements, and interoperable APIs for global payments.

Services We Offer as Your
GiftCityAdvisor

At GiftCityAdvisor, we simplify the complexity of setting up a Payment System Unit in GIFT City by offering personalised, end-to-end support for IFSCA registration, licensing, and regulatory compliance. Whether you are a global fintech, remittance company, or a digital wallet startup, our solutions are tailored to your business model and growth stage.

ServiceDescription
Eligibility AssessmentEvaluate if your payment business qualifies for IFSCA’s PSP framework or sandbox entry.
Licensing SupportFull support across application preparation, documentation, and authority coordination.
Regulatory AdvisoryGuidance on compliance for wallets, remittances, merchant services, or cross-border payments.
Sandbox AssistanceEnd-to-end support for testing your fintech use case under IFSCA's Regulatory Sandbox.
Post-Launch ComplianceOngoing assistance with audits, IFSCA filings, compliance fees, and annual reports.

Frequently Asked Questions

What types of payment systems can be set up? +

Cross-border payment gateways, card networks, fintech payment systems, etc.

Why choose GIFT City for payment systems? +

Regulatory ease, tax incentives, and cross-border transaction advantages.

Who can apply? +

Indian and foreign payment system operators.

What is the approval process? +

Submit application to IFSCA with business plan and technical details.

Do you provide licensing support? +

Yes, from strategy to final approval.

Talk to Our Advisors

Let’s make your GIFT City journey smooth and rewarding. Fill out a quick form, and our expert will call you back within 24 hours.